revision in record date for sub division/stock split
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Awaiting price reaction for this filing.
Rajasthan Tube Manufacturing Company has revised the record date for its proposed stock split. The new record date is Thursday, May 8, 2025, changed from the earlier April 21, 2025. The split will subdivide 1 equity share of face value Rs. 10 into 10 equity shares of face value Re. 1 each, fully paid-up. The record date is used to determine which shareholders are eligible to receive the subdivided shares. The company (BSE scrip code 530253) has informed BSE under SEBI Listing Regulations.
Shareholders holding shares as of May 8, 2025 will receive 10 shares of Re. 1 each for every 1 share of Rs. 10 they hold, increasing the number of shares and reducing the per-share price proportionally. The revision of the record date gives investors more time to position themselves before the split takes effect.